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They can and they do. The Yen is nowhere near the Dollar for global power, and yet they have much more debt than the USA. The mechanism that gives the US gover
by FredPret 3y ago
They can and they do. The Yen is nowhere near the Dollar for global power, and yet they have much more debt than the USA.
The mechanism that gives the US government the power to print more money is the capacity of the US economy to churn out ever more goods and services while absorbing regular price increases.
- tharmas 3y agoSure, but isn't the value of the Yen adversely affected. Most of the Japanese debt I believe is domestic. It used to be anyway. That might have changed recently.